The Colombian has flopped at Stamford Bridge since joining on a season-long loan in the summer, scoring just once for the Blues and has not featured since October due to a thigh injury.

Reports earlier this week claimed Chelsea were ready to send the 29-year-old back to Monaco and he was at the Ligue 1 club's training centre to have his injury assessed.

But Monaco vice-president Vadim Vasilyev told the club's DailyMotion page: "Falcao is currently injured. He has six to eight weeks to go like that.

"We have decided not to take him back to Monaco for the moment."

Starsport's ultimate guide to the January transfer window

STARSPORT take a look at where each Premier League club needs to improve and highlight two potential targets who could be signed during the window

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Arsenal: Arsene Wenger still has a few faces to come back from long-term injuries but having not purchased an outfield player in the summer he is likely to invest this time around with a defensively-minded midfielder high on his agenda